NASDAQ, AMEX, NYSE Stocks Discuss HIG ... The Hartford in the Stock Market Forum forums; I threw this one out this morning in the chat box and didn't get much response but WOW. I ended up buying a nice chunk @ 12.00 and HIG ...

**Aufan 1983** · #1 11-03-2008, 06:10 PM

I threw this one out this morning in the chat box and didn't get much response but WOW. I ended up buying a nice chunk @ 12.00 and HIG proceeded to run to 16.84 before closing @ 16.28.

In most cases you would think you have missed the run but there is a ton of info that leads me to think this is going a good bit higher. Check it out for yourself and see what you think.

Book Value Per Share of 41.80
The Hartford Announces Third Quarter Results - MarketWatch

Plenty of cash:
The Hartford: We've Got Plenty of Cash - TheStreet.com

The Hartford is pleased that Moody’s affirmed the Aa3 insurance financial strength (IFS) ratings of the company’s property and casualty and life insurance operating companies,”
The Hartford Comments On Moody's Statement And Reiterates Its Financial Strength: Financial News - Yahoo! Finance

The Chart:
HIG - SharpCharts from StockCharts.com

**BadThad** · #2 11-04-2008, 09:41 AM

I think you sold me, no matter what happens near-term, this looks like a helluv a good buy and hold stock at these levels.

12.4% divy yield
89.95% Inst holding
Short int only 1.08% (that big rise yesterday may have been a lot of covering)
52wk Range 8.23 - 98.70

**BadThad** · #3 11-04-2008, 10:32 AM

I'm in at 17.37!

**Aufan 1983** · #4 11-04-2008, 10:54 AM

Quote:

Originally Posted by BadThad

I'm in at 17.37!

Welcome aboard BT....

I think this goes back over 20.00 by the end of the week.

**BadThad** · #5 11-04-2008, 10:56 AM

Quote:

Originally Posted by Aufan 1983

Welcome aboard BT....

I think this goes back over 20.00 by the end of the week.

If not, I'm OK with a long on HIG. They look to be in good shape and they will survive.

**BadThad** · #6 11-04-2008, 11:38 AM

CHACHING! Up 13.5% to 18.48!

chrsb · #7 11-04-2008, 01:24 PM

I pulled my business accounts from them last month, premiums way to high for small business's.

paperchase · #8 11-12-2008, 10:08 AM

Other than the market being what it is, can anyone see why this is down so low???

Volatile22 · #9 11-12-2008, 11:44 AM

I know a few people who know a lot about HIG and they told me it would be a solid investment and that they are a great company that is just beaten down. Can't be 100% on this, but these guys would know, if you know what I mean.

**BadThad** · #10 11-19-2008, 06:29 PM

How quickly things change, of course, I dumped this position awhile back....thanks be God. Closed at 6.88 today.

Quote:

Hartford (HIG:hartford finl svcs group inc com
News, chart, profile, more (HIG 6.88, -2.76, -28.6%) has more than $15 billion of exposure to commercial mortgage-backed securities, commercial real estate loans and collateralized debt obligations that contain commercial mortgage-backed securities, according to UBS. That's 59% of the insurer's book value at the end of September.
Hartford shares slumped 29% to $6.86 during afternoon trading on Wednesday.

Insurers slump on concern about commercial mortgage exposure - MarketWatch

There's just no winners anymore unless you're shorting.